Finding a loose coin in a handbag can be a small surprise. When that coin is a Lincoln penny that may be rare or old, the surprise can turn into a real discovery.
How a Lincoln penny found in an old purse can be valuable
Not all Lincoln pennies are worth more than face value, but a handful are collectible and command prices above one cent. Age, mint mark, condition, and unusual errors are the main factors that increase value.
This guide explains what to look for, how to assess a Lincoln penny found in an old purse, and realistic next steps for selling or preserving it.
Check the date and mint mark on the Lincoln penny
The first step is simple: read the date on the coin. The earliest Lincoln pennies (starting in 1909) include several key dates and mint variants collectors want.
- 1909: First year of the Lincoln cent. Look for VDB initials on the reverse of some 1909 coins.
- 1909-S VDB and 1909-S: San Francisco mint pieces can be valuable.
- Wheat cents (1909–1958): These are more collectible than modern Lincoln Memorial cents.
Also inspect the mint mark (small letter under the date on the front or the back depending on year). Common marks are D (Denver), S (San Francisco), and no mark (Philadelphia).
Key features to look for on a Lincoln penny
After date and mint mark, assess condition and special characteristics. Use good light and a magnifying glass if needed.
- Condition (wear and detail): Sharp details raise value; heavy wear lowers it.
- VDB initials: On 1909 pennies, the initials VDB on the reverse (designer Victor David Brenner) can significantly affect value.
- Error coins: Double dies, off-center strikes, or broadstrikes can be collectible.
- Patina and cleaning: Natural toning is okay; cleaning or harsh polishing often reduces value.
Practical steps after finding a Lincoln penny in an old purse
Follow a few careful steps to avoid damaging the coin or missing an opportunity to verify value.
- Handle gently by the edges; avoid touching faces to prevent oils from fingers causing damage.
- Do not clean the coin. Cleaning can destroy collector value even if the coin appears dirty.
- Photograph the coin under good light showing date, mint mark, and both sides.
- Compare with reference images online from reputable sources like professional numismatic websites or catalogs.
When to get professional grading
If the penny looks like a key date, unusual mint mark, or has an obvious error, consider professional grading. Grading services provide authentication and a grade that buyers trust.
Professional grading is most useful if you expect the coin could be worth hundreds or more. For pennies of modest value, local coin dealers can offer a quicker assessment.
Where to sell or get an appraisal for a Lincoln penny
Options vary by value and convenience. Choose based on how much verification you need and how quickly you want to sell.
- Local coin shop: Good for quick appraisals and small sales; ask about experience and reputation.
- Coin shows and conventions: Offer many dealers and competitive bids for collectible coins.
- Online auctions and marketplaces: Good for reaching collectors, but list clear photos and consider grading for higher-value pieces.
- Professional grading services (PCGS, NGC): Authenticate and grade a coin before selling at auction for the best price.
How to avoid common pitfalls
Watch for dealers who pressure you to sell quickly at low prices. Get multiple opinions for coins that might be rare. Keep documentation of photos and appraisals in case you sell later.
Wheat cents (1909–1958) were replaced by the Lincoln Memorial reverse in 1959. Certain early WHEAT cents like the 1909-S VDB can be worth hundreds to thousands depending on condition.
Real-world example: A penny found in a handbag
Case study: A woman cleaning out a family handbag found a worn 1909 penny with a faint VDB on the reverse. She first checked online images, then took it to a reputable local dealer.
The dealer identified it as a 1909-S VDB in lower grade and suggested professional grading. After grading and a short auction listing, she sold the coin for several hundred dollars—far more than the value of the old handbag.
This example shows the value of verifying a find and using trusted channels to sell.
Quick checklist after you find a potential collectible Lincoln penny
- Note the date and mint mark carefully
- Do not clean the coin
- Take clear photos of both sides
- Compare to reputable reference guides
- Seek multiple opinions for high-value candidates
- Consider professional grading if warranted
Final practical tips
Most pennies found in old purses will be worth face value, but the rare find can be rewarding. Stay calm, document the coin, and follow the steps above to preserve potential value.
If you plan to sell, be patient and choose reputable buyers or auctions. With proper care and verification, that small Lincoln penny could prove worth much more than the handbag it came from.